WHY CHOOSE ICASHLOANS ? : When you need cash quickly you want to work with a service that is reliable and experienced in the payday loan industry - iCashLoans is both. We pride ourselves on connecting our customers with the best payday lenders to meet their needs. Why waste time visiting dozens of websites trying to figure out which lender will serve you best? iCashLoans is the only site that you need to visit when you’re looking for a fast, secure payday loan.

Cash Loans: "We Search 100+ Lenders Money in Your Account Next Day"

About Us:

Our services are designed to help you find a reputable payday lender to work with. iCashLoans has a large number of lenders in our network, and we are confident that we can assist you in obtaining the best payday loan to meet your needs. Everyone hits a rough patch financially at some point, and payday loans are a great solution for short-term cash flow problems. You don’t have to worry about how you are going to pay an unexpected bill, or cover an emergency expense, between pay checks - iCashLoans is your source for finding payday loans. Using iCashLoans is 100% free to you - we do not charge any fees for our services. When you use iCashLoans you will save time and money. All you have to do is provide us with basic information and we will instantly search our network of lenders to find you the loan that meets your needs. At iCashLoans we pride ourselves on working with lenders that are fair and honest in their lending practices. Our main goal is to provide you with a great experience when searching for a payday lender. All lenders in our network are required by law to follow all of the rules and regulations related to payday lending. Don’t drive around town to visit payday loan shops, and forget about looking at website after website trying to find a loan with fair terms. iCashLoans is the only place you need to go to find a payday loan. We will search our vast netowrk of lenders instantaneously to find you the loan that you are looking for.

Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

Thursday, September 26, 2013

Do Not Rush to Borrow From the First Payday Lender You Find, It May Cause More Harm Than Good

Do Not Rush to Borrow From the First Payday Lender You Find, It May Cause More Harm Than Good
All Payday lenders are bound by strict regulations and codes of conduct. Unfortunately, not all online Payday lenders abide by these rules and guidelines. Every day, we come across stories of borrowers who have been mistreated or misled by unscrupulous online short term lenders. Although Payday loans as a form a credit are still increasing in popularity, the number of these financial horror stories posted on the internet, do not seem to be disappearing. Bad lenders cast a bad light over the whole payday loan industry, which is unhelpful for the people out there who genuinely want to use this form of credit. It's also unhealthy for the industry as a whole.

In this article we look at some of the things you should consider before you apply for a payday loan in the hope that you can avoid the bad lenders and end up with a much more positive experience.

The biggest issue is that the less than honest lenders are not so easy to detect. Many of them have seemingly good reputations and flashy websites promising the best and quickest loans. When you are looking for a good short term lender, first of all, choose a reputable company, that's a good start. Secondly, make sure they clearly show their lending licence and registration details on the website.

Reviews and feedback from other customers are also an excellent way to establish whether a lender is good. The best lenders offer free customer advice so you can ask questions and make enquiries without having to apply for a loan. You should be able to access all the information you need without any obligation to borrow money, until you are ready to do so.

According to our research, internet searches are how the majority of people find a payday lender. This is a good way to start, but once you have found a few lenders, it is best to spend a little time doing some research into them.

Some lenders will go to amazing lengths to convince you to borrow from them. While we understand you may be feeling stressed and under pressure to borrow money as quickly as you can, don't let a bad lender harass you into making a rash or hurried decision. Even if it is just for a few hours, take some time to consider all your options before you apply for a short term payday loan.

Another way to establish whether your chosen lender is trustworthy is the application process. The reputable lenders all have a formal and thorough application process, which will include establishing proof of your identity, verification that your bank account is active, and confirmation of your employment and regular income. You should always be asked for this information, it is standard practice amongst good lenders, so if you are not asked these simple questions, be cautious.

Bad lenders will try to sell their loans to whoever enquires about them. Financial services and credit are not something that should be sold. Reputable lenders, who practice responsible lending, will never try to sell you a loan. Instead, they will give you the information about their services, make the costs and interest rates clear from the outset, and leave the ultimate decision to borrow entirely up to your own discretion. If you experience any form of high pressure sales tactics or harassment from a prospective payday lender, you have a right to report them to the OFT.

While a financial emergency can crop up at any time and cause a great deal of stress, try not to panic and instead, spend some time considering all your borrowing options. Calculate what you can afford to repay, then you will be able to calculate more accurately what you can afford to borrow.

The main thing to remember is that you are in control, these are your finances and the decision has to be one which is best for you, and your family. The best lenders will give you the help, advice and support you need and when you find the lender you need in an emergency, you will be able to access the short term cash advance you need.


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